Quotes About Estimation

You realize that we over-exaggerate yesterday, we over-estimate tomorrow and we underestimate today. We think, "Well, I'm going to kill time," "I'll get back to this tomorrow."

People automatically estimate a mom's IQ at around her children's ages, maybe dividing by the number of kids, rounding up to the nearest pajama size.

The process is called estimation, not exactimation. —Phillip Armour

Well-Estimated Project If the estimation inputs and process are well-defined, arbitrarily changing the output is not a rational action. Project stakeholders might not like the output, but the appropriate corrective action is to adjust the inputs (for example, reduce the project's scope) and to recalculate the outputs, not just to change the output to a different answer.

The human mind tends to estimate the probability of an event from the ease with which it can recall examples, and scenes of carnage are more likely to be beamed into our homes and burned into our memories than footage of people dying of old age.

Ouvi dizer que nele é tudo grande, é um pé-de-mesa… — quem lhe dissera? Ninguém: ela batia o olho e pronto, ficava a par das proporções, resultado de prática constante e efetiva.

It is a great presumption to ascribe our successes to our own management, and not to esteem ourselves upon any blessing, rather as it is the bounty of heaven, than the acquisition of our own prudence.

i think you're worth all the souls in hell. thass thousands of more souls than there are in heavan. So you're worth a lot, pana.

People are reasonably good at estimating how things add up, but for compounding, which involved repeated multiplication, we fail to appreciate how quickly things grow.

I wish I could do more in Flint but they estimated the amount that it would cost to fix Flint and it would be a little over $1 billion and I'm definitely not a billionaire. It's extremely heartbreaking the way the city is being treated in my opinion.

It's estimated that one million girls in India 'disappear' every year.

We therefore conclude that cost overrun has not decreased over time. Cost overrun today is in the same order of magnitude as it was ten, thirty or seventy years ago. If techniques and skills for estimating costs and avoiding cost overrun in transport infrastructure projects have improved over time, this does not show in the data. No learning seems to take place in this important and highly costly sector of public and private decision making.

The cost estimate of the prospectus turned out to be a best possible outcome based on the unlikely assumption that everything would go according to plan with no delays, no changes in performance specifications, no management problems, no problems with contractual arrangements or new technologies or geology, no major conflicts, no political promises not kept, and so on.

Are the benchmarks reasonable? Logically, that should be the first question that is asked, but it rarely comes up at all. Once we frame the problem as one of time and money overruns, it may never occur to us to consider that the real source of the problem is not overruns at all; it is underestimation. This project was doomed by a large underestimate. And the underestimate was caused by a bad anchor. To create a successful project estimate, you must get the anchor right.

The far you've come from estimates twice your destination

All exact science is dominated by the idea of approximation.

At the end of the day, the numbers that we're hearing are not going to be totally correct or not correct at all.

Certainly toward the end of the season, you and I could be in a ballpark and they might say the crowd is 30,000, and we could look around and see that there was no more than 10,000.

Although this may seem a paradox, all exact science is dominated by the idea of approximation.

We need to stop, and admit it: we have a prediction problem. We love to predict things—and we aren't very good at it.

There is no golden mean between these two extremes; either this early life must become low in our estimation, or it will have our inordinate love.

It's hard to guess ages when you're not that old yourself and won't be anytime soon. ?? ????? ????? ???? ?? ??? ?? ???? ??????? ?? ????? ??? ???.

All this time, I'd accepted the rampant sexism because I thought it was about Scripture. What I was watching in the wake of the report, however, did not appear to be a whit about Scripture, nor did it evidence fruit of the Holy Spirit, as far as I could discern. In my estimation, this thing playing out in front of the world was about power. This was about control. This was about the boys' club.

Availability heuristic: people estimate the probability of an event or the frequency of a kind of thing by the ease with which instances come to mind.